UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) November 6, 2006
Commission File Number 000-28638
BMB MUNAI, INC.
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(Exact Name of Registrant as Specified in its Charter)
NEVADA 30-0233726
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
202 Dostyk Ave., 4th Floor, Almaty, Kazakhstan
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(Address of principal executive offices)
050051
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(Zip Code)
+7 (3272) 375-125
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(Registrant's Executive Office Telephone Number)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
Item 7.01 Regulation FD
On November 6, 2006, in a meeting with some clients of Alpha Bank, the
Company disclosed certain preliminary internal estimates of financial results of
operations for its second fiscal quarter. These figures had not been reviewed by
the Company's independent registered accounting firm. The Company has since
learned that these figures will be subject to material revisions and are not
reliable. We therefore caution investors not to rely upon this information in
making investment decisions until such time as the Company files its Quarterly
Report for the quarter ended September 30, 2006 disclosing the Company's
financial statements and results of operations for its second fiscal quarter.
The Company anticipates filing its Quarterly Report by November 9, 2006.
Following is the information disclosed to some clients of Alpha Bank:
Assets as of September 30, 2006
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Current assets $53,095,177
Long term assets 87,367,526
Total assets 140,462,703
Liabilities as of September 30, 2006
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Current liabilities $ 7,058,618
Long term liabilities 11,109,707
Shareholders' equity 122,294,378
Total liabilities and shareholder's equity 140,462,703
For the three months
ended 9/30/06
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Revenues $4,016,972
Expenses
Oil and gas operating 575,698
General and administrative 1,955,246
Total expenses 3,024,240
Income/(loss) from operations 992,732
Total other income/(expense) 199,133
Income/(loss) before income taxes 1,191,865
Net income/(loss) 1,037,487
Income/(loss) per share 0.02
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For the six months
ended 9/30/06
Cash flows from operating activities:
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Net loss $2,103,274
Net cash provided by/(used in)
operating activities $27,199,443
Cash flows from investing activities:
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Net cash used in investing activities 16,640,253
Cash flow from financing activities:
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Net cash provided by financing activities $5,758,502
Net change in cash and cash equivalents 16,237,692
Cash at 3/31/06 18,046,123
Cash at 6/30/06 34,283,815
Pursuant to General Instruction B.2 of the Current Report on Form 8-K,
the information in this Item 7.01 is being furnished and shall not be deemed to
be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liability of that section. Furthermore, the
information in this Item 7.01 shall not be deemed to be incorporated by
reference into the filings of the Company under the Securities Act of 1933, as
amended.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Current Report on Form 8-K to be signed on
its behalf by the undersigned hereunto duly authorized.
BMB MUNAI, INC.
Date: November 6, 2006 By: /s/ Adam R. Cook
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Adam R. Cook, Secretary
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